Cost of Living in Lake bluff, IL
Housing
The housing market plays a significant role in determining the cost of living in Lake bluff, IL.
- Housing Index: 125.0 / 100
- Median Home Price is: $490,000
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2150 per month
Evaluating housing opportunities in Lake bluff, IL reveals a housing index of 125.0, indicating a relatively competitive market. With a median home price of 490000, homebuyers may find it challenging to enter the market. The average rent for a 2-bedroom apartment stands at 2100, while the average rent for a 2-bedroom house is slightly higher at 2150. Consider the local job market and amenities, as the cost of living can influence your decision. Exploring neighborhood vibes and future growth potential can also enhance your move to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake bluff, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in Lake bluff, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lake bluff is a financially viable option for your relocation.